JPS PACKAGING LOGO] Dear Stockholder: We are pleased to inform you that JPS Packaging Company ("JPS") has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Pechiney Plastic Packaging, Inc. ("PPPI") and JPS Acquisition Inc., a...Merger Agreement • October 30th, 2000 • JPS Packaging Co • Paperboard containers & boxes
We are pleased to inform you that JPS Packaging Company ("JPS") has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Pechiney Plastic Packaging, Inc. ("PPPI") and JPS Acquisition Inc., a wholly-owned subsidiary of PPPI (the "Purchaser"), providing for the acquisition of JPS. Pursuant to the Merger Agreement, the Purchaser has commenced a tender offer for all the outstanding shares of JPS common stock at $7.86 per share, net to the sellers in cash (the "Offer"). The Offer is conditioned upon, among other things, the tender of at least a majority of the outstanding shares on a fully diluted basis and applicable regulatory approvals.
Exhibit (e)(6) FORM OF OPTION CANCELLATION AGREEMENT This Option Cancellation Agreement (this "Agreement") is made as of the ______ day of October, 2000 between JPS Packaging Company ("JPS"), Pechiney Plastic Packaging, Inc. ("Pechiney") and...Option Cancellation Agreement • October 30th, 2000 • JPS Packaging Co • Paperboard containers & boxes
